tds deduction in gst

When single transaction with a contractor exceeds 30k or overall traansaction of entire year exceeds 1lac then TDS is deducted as below:

one per cent where the payment is being made or credit is being given to an individual or a Hindu undivided family;

two per cent where the payment is being made or credit is being given to a person other than an individual or a Hindu undivided family,

You have to deduct it at the time of payment to contractor and such deducted amount shall be deposited in governments account before 7th of succeeding month of deduction.

Of which u need to file quarterly return

government account ?? in gst aor any other account can you please elaborate.

in TDS account of government and generate challan

mam
I have a textile business I buy grey fabrics from bombay and send it to kanpur for dying. after dying i receive the goods in uttar pradesh.
my one bill is in average between 10k to 20k. Total dying charge exceeds 1 lack in whole year. now i wat to ask that should I deduct TDS on dying charges or not?
another question is how to show transport bills in gst?
another question is I have an agent which sells my goods in other states at 2% fees. he ask me to deduct tds but his chrges neither exceed 1 lac in a year nor a single bill is more than 10k. what should i say him?
Thanks for the help.

1.Yes

2.Transport bills you have to book as normal expenses and GST amount to Input GST heads

3.Agent commission income is liable to TDS u/s 194H @ 5% if total amount payable exceeds 15k

Originally posted by : tazeem1922 @ gmail.com
	government account ?? in gst aor any other account can you please elaborate.

Do u have TAN no in name of deductor

TDS provision under GST is different from TDS provision under Income Tax.

TDS provision under GST is illustrated under Section 51 onwards,

TDS is to be recovered by Government agencies/Local authorities and other persons as notified by the Goverment against payment exceeding 2.5 Lacs ( @ 1% each under CGST and SGST) and to be remitted along with filing of returns GSTR7.

TDS provision is also made applicable to Electronic commerce operators under Section 52 against payment made to Suppliers.

But it is understood that the applicability of these provisions have been deferred till 30-09-2018 by the GST council

 

no i dont have TAN no @ RATAN

Originally posted by : tazeem1922 @ gmail.com
	no i dont have TAN no @ RATAN

Than 1st u need to Apply TAN in name of deductor

name of deductor should be firm name or proprioter name? my firm name is sultan textile
ane proprietor name is tahseen ahmad.

if u have separate PAN No of your firm than take TAN no in name of firm. if u are using PAN no of Proprietor then take TAN no in name of Proprietor